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CALGRO M3 HOLDINGS LIMITED - Change to the board of directors

Release Date: 14/12/2015 09:40
Code(s): CGR     PDF:  
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Change to the board of directors

CALGRO M3 HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 2005/027663/06)
Share code: CGR
ISIN: ZAE000109203

(“Calgro M3” or “the Company”)



CHANGE TO THE BOARD OF DIRECTORS

Calgro M3 wishes to announce the following change to the Company’s Board of Directors:

In accordance with the notice issued by the Company on 11 May 2015, Mr John Gibbon will resign his
post as Non-Executive Director with effect from 1 January 2016. Mr Gibbon was appointed to the
Board of Directors of the Company on 1 November 2008 and has served the Company with
enthusiasm and distinction. His contribution to the Company as Non-Executive Director has been
immense and the Board wishes him well with his well deserved retirement.

Ms Venete Klein CD (SA) is appointed as an independent Non-Executive Director with effect from 1
January 2016. Ms Klein has in excess of 30 years’ experience as a senior executive in the financial
services industry. Amongst her directorships were appointments as Executive Director of Absa Retail
Bank and Retail Business Bank, Ecobank Transnational, and appointments as Non- Executive Director
of Post Bank SA, AllPay Consolidated Investment Holdings, Absa Trust, Absa Brokers, National
Business Initiative, The Banking Association of South Africa, Ombudsman for Banking Services, ACSIS
Wealth Managers and The South African Bureau of Standards. She was also a trustee of The
Community Impact Trust.

Ms Klein is currently one of the Governors of Chartered Directors South Africa, the Chairperson of
the Institute of Directors of South Africa, a Non-Executive Director on the boards of The South
African Reserve Bank, ESKOM, Old Mutual Wealth and PG Group Holdings, and a Trustee of the
SANDF Education Trust. Ms Klein also serves on a number of audit, risk, social & ethics and
remuneration committees of the boards of directors that she serves on.

Ms Klein’s vast experience in the financial services industry combines neatly with her solid
knowledge of governance with deep rooted business principles, which places her in a position to add
significant value to the Board.

The Board welcomes Ms Klein and wishes her luck in her new role and the challenges which the role
will bring.

Johannesburg
14 December 2015

Sponsor
Grindrod Bank Limited

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